Crypto a top trend for Millennial investors

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The survey from the UK Business Angels Association asked investors about their sentiment towards rising technology trends. It found artificial intelligence (AI), drone technology and crypto are on top of Millennials’ radar in 2018.

40% of all investors are looking to AI this year, with the number rising to 69% of investors aged 18 to 34. A further 64% of Millennials consider drone technology to be the most important trend.

The research, launched in conjunction with the UKBAA’s flagship Global Investor Summit, also found that a business underpinned by data collection is considered important by 35% of all investors, increasing to 59% of Millennials.

70% of 18-34 year old investors believe data-driven retail is important when making an investment. Blockchain technology is judged important by 17% of all investors. Jenny Tooth, Chief Executive of the UKBAA, says the report demonstrates extremely positive signs of continuing growth in the angel market, but many regions continue to show an underserved level of angel investment.

“We therefore welcome the British Business Bank’s implementation of a major new commercial investment programme to stimulate new regional business angel clusters,” she adds.

Emily Perryman

Emily is an award-winning financial journalist with over a decade of experience writing for consumer, trade and national publications. She writes about FinTech, investments, pensions, property and healthcare. Her work has appeared in titles such as The Financial Times, The Independent and Shares magazine.